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The timeline for creditors to receive bitcoin or bitcoin cash repayments varies depending on their custodians.

The trustee said that the repayments were made through a part of the designated crypto exchanges based on the rehabilitation plan.

The jobs data, due later Friday, is forecast to show that the pace of job additions in the world’s largest economy slowed sharply in June.

The news of the repayments added selling pressure on bitcoin and the larger crypto market after Mt. Gox announced last month its intention to start repayments in July.

Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.

While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.

Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.

Bitcoin fell 7.4% in the past 24 hours to trade at $54,422 after defunct crypto exchange Mt Gox moved about $2.7 billion worth of bitcoin.

BTC slides to lowest since late February, breaching key price support.

Bitcoin price fell further below the $57,000 mark on Thursday night after Mt Gox moved nearly 47,229 BTC to another wallet address.